Possible reversal zone for copper As you can see we are at the bottom of a broadening formation and just below the support of an uptrend channel , I expect a move to the up side in the next couple of weeks
LRC1! trade ideas
Copper is red hot on China’s reopening, but there is more to itCopper is to commodities, what tech stocks are to equities. They are both historically cyclical but also promise potential long-term growth. Tech stocks were down last year, not because the underlying technologies were dead, but because central banks were aggressively tightening monetary policy. Copper too endured the same fate on account of macro headwinds despite the accelerating energy transition. Lockdowns in China added another layer of disappointment.
So, with the macro backdrop changing this year, is the red metal becoming red hot? Markets appear to be endorsing that narrative. What does the demand and supply situation look like?
China reopening
China consumes more than half of global refined copper with its demand experiencing an eight-fold increase in the past four decades1. Chinese manufacturing activity, therefore, is inevitably a key driver of copper prices (see figure below).
Chinese manufacturing activity remained contractionary through August till December last year, as evident from the Manufacturing Purchasing Managers’ Index. In January, while the number remained contractionary at 49.22, the expectation is for it to pick up in the coming months if lockdowns remain sustainably lifted.
China is a crucial source of copper’s green demand too. Chinese subsidies for electric vehicle (EV) makers have given rise to a booming industry to the point where BYD is now competing fiercely with Tesla for market share worldwide. Although subsidies for producers will come to an end this year, tax exemptions for buyers will remain in place through 2023. This will further be supported by the rollout of charging infrastructure, a key component of China’s 14th 5-year plan issued in December 2022.
A battery EV can require three to four times as much copper as an equivalent internal combustion engine vehicle. Similarly, a 200 kilowatt (kW) fast charging station uses around 8 kilograms of copper3. There is a similar multiplicative effect on copper demand from other energy transition applications like renewable wind and solar power, which China is heavily investing in.
The supply side
In What’s Hot: Dr Copper’s misdiagnosis, we highlighted how copper’s inventories on exchanges are perilously low, a sign of supply tightness which could exacerbate if demand picked up quickly.
According to Wood Mackenzie, copper may see a slight global refined market surplus of 170 kilotons (kt) in 20234. But there is considerable uncertainty surrounding this forecast. On the supply side, disruptions such as the ones we’ve seen recently in Peru could play an important role. Peru is the second largest copper producing nation and is responsible for around 10% of global mined production.
Anti-government demonstrations in Peru have led to shipments being halted at the 300 kt Las Bambas mine, and disruptions at Glencore’s 180 kt Antapaccay mine, and other mines including Constancia (117 kt) and Cuajone (148 kt)5.
The figures above highlight how disruption in supply from Peru can easily tip the copper market into a deficit. While disruption may not be as severe this time as it was when Covid caused mine closures in Chile and Peru in 2020-2021, it could still be meaningful especially if coupled with more demand from China. Market pricing has been moving in response to these developments.
The energy transition
At the World Economic Forum in Davos in January, European Commission President Ursula von der Leyen pledged unprecedented support in clean technology across all sectors of the energy transition. For Europe to remain competitive in the new era of clean energy, it must offer something that can rival the US Inflation Reduction Act. In 2023, we expect more action from US, Europe, and China now that energy security has become synonymous with the energy transition.
According to Wood Mackenzie, for the world to be on track for net zero by 2050, 9.7 Mt of mine supply will need to come from projects that are yet to be approved. This amounts to $23bn of investment a year in new projects, 64% higher than the average annual spend over the last 30 years.
Conclusion
Copper’s long-term demand trends suggest it could continue trending upwards but remain cyclical depending on the macroeconomics. Cyclical pullbacks could create interesting entry points for investors who recognise copper’s structural case.
Sources
1 International Copper Study Group’s Factbook 2022.
2 Bloomberg, January 2023.
3 International Copper Study Group 2023.
4 Wood Mackenzie’ report, “Copper: Things to look for in 2023” dated January 2023.
5 Morgan Stanley as of January 2023.
Copper Futures (HG1!), H4 Potential for Bullish RiseTitle: Copper Futures (HG1!), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 4.5770
Pivot: 4.2155
Support: 4.1090
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 4.5770, where the previous swing high is.
Alternative scenario: Price may head back down towards the support at 4.1090 where the overlap support is.
Fundamentals: There are no major news.
Copper Futures (HG1!), H4 Potential for Bullish RiseTitle: Copper Futures (HG1!), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 4.5770
Pivot: 4.2155
Support: 4.1090
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 4.5770, where the previous swing high is.
Alternative scenario: Price may head back down towards the support at 4.1090 where the overlap support is.
Fundamentals: There are no major news.
Copper dips continue to attract buyers.XCUUSD - Intraday - We look to Buy at 4.024 (stop at 3.984)
Selling posted in Asia.
The bullish engulfing candle on the daily chart is positive for sentiment.
Short term momentum is bearish.
A lower correction is expected.
We expect prices to stall close to our bespoke level (4.020).
Our profit targets will be 4.124 and 4.144
Resistance: 4.080 / 4.100 / 4.133
Support: 4.060 / 4.040 / 4.020
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
watching for break of resistance 🙈above 815 i expect a push to all time highs, doesn't go much further than that. boost and follow for more <3
Copper Futures ( HG1! ), H4 Potential for Bearish DropTitle: Copper Futures ( HG1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 4.2215
Pivot: 4.1205
Support: 3.9245
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Expecting price to continue heading down towards the support at 3.9245, where the overlap support is.
Alternative scenario: Price could head up towards the resistance at 4.2215, where the overlap resistance is.
Fundamentals: There are no major news.
Copper showing mixed signals with Bullish bias to $4.80Cup and Handle formed on Copper
Price >200 Bullish
21>7 Bearish
RSI <50
Target $4.80
Mixed - Bullish bias
Resources definitely showing upside to come in the medium term, but right now there is a but of a breather which is causing a bit of selling pressure. We need to weather through this sideways range before the market chooses a direction. My bias is up but there needs to be the next catalyst. Also the US Dollar is showing short term strength which is also not great for resources as resources is priced in US dollars. and so when US strengthens the price for resources become less profitable for imports to countries.
Copper Futures ( HG1! ), H4 Potential for Bearish DropTitle: Copper Futures ( HG1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 4.1205
Pivot: 4.0470
Support: 3.9245
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Expecting price to continue heading down towards the support at 3.9245, where the overlap support is.
Alternative scenario: Price could head up towards the resistance at 4.1205, where the overlap resistance is.
Fundamentals: There are no major news.
Copper bulls to return around $4.00?Price action on copper has caught our eye, as its pullback from the YTD highs has paused above the November highs despite a surging US dollar. RSI (2) is overbought on the daily chart, and yesterday’s Doji held above the 20-day EMA. It's also holding above $4.00, whilst money managers and large speculators have continued to increase their net-long exposure to copper futures despite the pullback on prices.
- From here, the bias is bullish above 3.95 and for prices to have another crack at the YTD high
- Another approach is to scale into such a position with a wider stop, with a view to increase exposure if or when momentum turns higher sufficiently enough to call a swing low.
Copper in uptrendThe MCX:COPPER1! is in uptrend despite the counter COT commercial index direction. Additionally, the strong resistances on weekly basis may give support. Bullish continuation is possibel only daily close above this strong resistance area.
SL: 4.1 (last local low)
1. Target: 4.475 ( next resistance on weekly basis)
2. Target: 4.55( next resistance on daily basis)
Manage your risk and take your own decisions.
Bear Flag continuation on Copper (Weekly Timeframe)As the DXY appears to have marked the beginnings of a relief rally following exhaustive sell pressure and Friday's strong close. Copper looks to see a continuation of the Bear Flag setup.
This move would likely mark the second leg of the Bear Market a severe recession which is my working hypothesis as the substantial rate of hikes from the Fed has yet to manifest as many maturities are set to roll over into the new regime with higher interest rates.
Do your own diligence, and never put down money on someone else's bet. This is intended to serve solely as a information when a individual carries out their own independent analysis.
Copper Futures ( HG1! ), H4 Potential for Bearish DropTitle: Copper Futures ( HG1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 4.2300
Pivot: 4.1165
Support: 3.9245
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Expecting price to continue heading down towards the support at 3.9245, where the overlap support is.
Alternative scenario: Price could head up towards the resistance at 4.2300, where the overlap resistance is.
Fundamentals: There are no major news.
Copper Futures ( HG1! ), H4 Potential for Bearish DropTitle: Copper Futures ( HG1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 4.2300
Pivot: 4.1165
Support: 3.9245
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Expecting price to continue heading down towards the support at 3.9245, where the overlap support is.
Alternative scenario: Price could head up towards the resistance at 4.2300, where the overlap resistance is.
Fundamentals: There are no major news.
Copper potential for bearish drop to overlap supportLooking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.
Looking for a sell entry at 4.1165, where the overlap resistance is. Stop loss will be at 4.2065, where the overlap resistance is. Take profit will be at 3.9335, where the overlap support is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
🥉Copper futures (HG): Elliott Wave Analysis●● Preferred count
● High Grade Copper - COMEX (HG.F),🕐TF: Q1
Fig.1
Fig.1 gives a picture of counting the long-term waves of the "Supercycle" degree, which make up the global impulse . The wave count is already more than two years old, although the first sketches with some assumptions appeared on our pages back in 2019 .
Wave (V) is expected as a ending diagonal I-II-III-IV-V . A wedge-shaped wave form subdividing into overlapping zigzags will confirm the materialization of the market in the form of this pattern.
_________________________________
● Cooper Futures (COMEX),🕐TF: 1M
Fig.2
Top of wave I of (V) of is not confirmed. As will be shown on the three-day chart, there is a possibility that the formation of the Ⓨ of I zigzag will continue.
_________________________________
● Cooper Futures (COMEX),🕐TF: 3D
Fig.3
The breakdown of the line drawn from the beginning of wave Ⓦ and the end of wave Ⓧ will confirm the beginning of the correction within the framework of cyclic wave II .
_________________________________
● Cooper Futures (COMEX),🕐TF: 8h
Fig.4
The target zone, where the upward correction Ⓑ is expected to end, is the cluster of Fibo levels highlighted by the pink channel.
A trading setup for working in a short position will open if there is a bearish reaction to this area, as well as formed waves one-two as part of wave Ⓒ of II .
📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️
Copper Futures ( HG1! ), H4 Potential for Bearish DropTitle: Copper Futures ( HG1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 4.2900
Pivot: 4.2200
Support: 4.1105
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Expecting price to continue heading down towards the support at 4.1105, where the previous swing low is.
Alternative scenario: Price could head up down to retest the pivot at 4.2200, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Copper Futures ( HG1! ), H4 Potential for Bearish DropTitle: Copper Futures ( HG1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 4.2900
Pivot: 4.2200
Support: 4.1105
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.
Expecting price to continue heading down towards the support at 4.1105, where the previous swing low is.
Alternative scenario: Price could head up down to retest the pivot at 4.2200, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Copper versus SPX monthly log chart#Copper still in bottom formation versus #Spx.
#Oil also getting ready for next move.
Synergy is there.
Copper in a retrace - 15 minute 50% halfway back longTime to go long here after this nasty minute pullback on the 15 minute chart. Cut it at 20 ticks or so stop loss.
Copper Futures above BB SR resistanceThe chart points paint a bullish picture although the price is just above support levels on the 1M and 1D timeframes. The long target is set at the next extrapolated 1M resistance and the stop at the 1D basis line.
Copper Turning Red HotWhen China sneezes, commodities catch cold. Developments in China over the last quarter around zero COVID have paved the path to re-opening, which has a substantial impact on lives, livelihoods, and commodity prices.
China re-opening plus a raft of measures to spur the Chinese real estate sector sets the backdrop for copper prices to be bullish. This case study illustrates that a long position in CME Copper Futures with an entry at 3.95 and a target of 4.326 supported by a stop loss at 3.614 would yield a reward to risk ratio of 1.2.
On 14th November, we published – Copper Melting? , in which we were short term bearish while staying long term bullish on Copper. Our call then turned out correct with prices tanking in November but given the large-scale policy shifts in China now, we believe prices are well supported and set to rise.
RECOVERY FROM COVID LOCKDOWNS
Bounce-back from Covid lockdowns is visibly observed in various China-centric asset classes and currency. The chart below shows that since last September, Iron Ore has spiked 19% & Copper is up 12% buoyed by real estate recovery.
COVID-19 STILL LINGERS THREE YEARS ON
It is 2023, but COVID-19 still lingers. Covid lockdown hurts. Weak growth and stunted consumer confidence is evident from the chart below. Consumer confidence is at its lowest in 10 years. Based on data compiled by Bloomberg, rebound in subway traffic in key cities suggests that infections might have peaked. While the situation is still challenging for many, conditions in China might have passed peak Covid, suggesting shift in sentiments for the better.
MEASURES TO HELP CHINESE REAL ESTATE SECTOR
In addressing sagging consumer confidence and struggling real estate market, Beijing has embarked on pro-growth policy stance with accelerated reopening plans, plus a range of support measures for the real estate sector.
The measures to boost property market include (1) easing of lending restrictions, (2) lowering of mortgage rates, (3) capping real estate brokerage commissions, (4) dialing back on “three red-lines” lending policy for banks, (5) reducing down payment ratios for first time buyers, (6) removing minimum lending rates for first time purchases, (7) resuming approvals for private equity funds to raise money to invest in residential real estate, and, (8) strengthening of “too-big-to-fail” property developers.
Phased rollout of these measures is starting to have a positive impact. Since lows touched in November, Bloomberg Intelligence (BI) China Real Estate Developers Index is up 62%.
IRON ORE AND COPPER ARE AMONG THE FIRST TO BENEFIT FROM SUPPORT MEASURES
A booming real estate sector directly benefits Iron Ore and Copper. Sea-borne Iron Ore - majority of which is imported into China has been buoyant and is anticipated to rebound to $130/ton this quarter according to Citi. Over the past month, iron ore prices have also moved up with reopening hopes boosting sentiment.
Bloomberg reported late last week that China plans to tighten the supervision on iron ore pricing to curtail speculations, the National Development and Reform Commission said in a statement on its WeChat page.
The Bullish sentiment in the real estate sector is showing up in buoyant copper prices. Unfettered by regulatory actions on price rise, copper has stayed more resilient than iron ore highlighting its relative strength.
SPECIFIC EQUITY MARKET SECTOR INDICES INDICATING MARKET BOUYANCY
Shares of mainland Chinese property developers shot up last week on talks that the authorities plan to extend supportive measures for “good-quality developers”.
The chart above shows a bullish cup and handle formation on the Shanghai Stock Exchange (SSE) Real Estate Index that points to an imminent recovery in the sector. SSE Real Estate Index spiked 21% since November 1st while the SSE Transportation Index (chart below) has climbed just 3.6% during the same period.
SIGNS OF BULLISHNESS IN COPPER TECHNICAL SIGNALS
Copper’s short-term moving average is approaching the long-term moving average. A cross could point to the start of a rally.
Copper’s Bollinger bands have started to narrow pointing to a narrowing range which suggests that a breakout from the range.
Copper prices cooled off in November before recovering, this price action also displays a bullish cup and handle formation as prices have remained range-bound post-recovery. Prices hovering at these levels despite softer volumes suggests that prices have found support.
INSIGHTS IMPLIED FROM OPEN INTEREST AND OPTIONS MARKETS POINTS TO EARLY SIGNS OF BULLISHNESS
Based on the Commitment of Traders Report, over the past 12 weeks, funds, institutional investors, and managed money have reduced their net short positions in copper futures by a striking 71%. Meanwhile, during the same period, small speculators while individually small but collectively non-trivial have shifted from net short positions of -1,004 lots to net long of +4,838 lots.
The put-call ratio on CME Copper Options is 0.57, a sign that participants are bullish on the prospects of copper price.
TRADE SET-UP
Each long position in micro copper futures (February 2023) provides exposure to 2,500 pounds of copper.
Entry: 3.950
Target: 4.326
Stop Loss: 3.614
Reward/Risk Ratio: 1.20
Profit at Target: $940
Loss at Stop Loss: $840
MARKET DATA
CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
DISCLAIMER
Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.
This material has been published for general education and circulation only. It does not offer or solicit to buy or sell and does not address specific investment or risk management objectives, financial situation, or particular needs of any person.
Advice should be sought from a financial advisor regarding the suitability of any investment or risk management product before investing or adopting any investment or hedging strategies. Past performance is not indicative of future performance.
All examples used in this workshop are hypothetical and are used for explanation purposes only. Contents in this material is not investment advice and/or may or may not be the results of actual market experience.
Mint Finance does not endorse or shall not be liable for the content of information provided by third parties. Use of and/or reliance on such information is entirely at the reader’s own risk.
These materials are not intended for distribution to, or for use by or to be acted on by any person or entity located in any jurisdiction where such distribution, use or action would be contrary to applicable laws or regulations or would subject Mint Finance to any registration or licensing requirement.
Is Copper Melting?The red metal is widely regarded as a barometer of global economic health.
Despite thin investments in production in recent years, copper prices have been bullish since June this year. Anticipation of China re-opening from Covid linked restrictions and less than expected inflation prints in the US have fueled a near 15% rally in copper prices over the last two weeks.
Notwithstanding the recent bullishness in prices, this case study provides a brief macroeconomic backdrop making a case for short term headwinds even as the long-term bullishness for copper remains solid.
Real Estate in China
Against a backdrop of wider ESG recognition, de-carbonisation & EV adoption, and couple that with low investments in copper production, all this points to copper’s bullish outlook over the long term.
However, massive macro headwinds, chiefly from the troubled real estate sector in China and rising interest rates are likely to slam brakes on copper price rise in the short term. China consumes more than half of global copper production. Within China, real estate represents a lion’s share of copper usage.
Rising default rates in real estate loans, deleveraging among construction firms, and declining/slowing growth in real estate lead to anemic demand. Soft demand for copper from China is likely to send prices downwards in the near term.
Strong Dollar despite recent price retracements hurts commodity consumers
A majority of the global equity markets have plunged massively with change in the interest rate regime. Projects that used to make sense when the cost of financing was zero, now do not make commercial sense. Companies are facing shrinking profits and the outlook appears bleak for many firms across various industries with few exceptions. A resilient and strong dollar doesn’t help much either.
Commodities that are traded in USD fuels inflation in non-dollar-based economies. Firms that are already fighting slow growth are saddled with the burden of rising costs as US exports its inflation via a strong dollar. Even though USD may weaken somewhat in the coming weeks, the year-to-date gains in the USD makes it challenging for non-US firms which will likely drag copper prices down.
Geopolitical Conflicts
The lingering geo-political conflicts and the uncertainty that comes with it have put firms on their back foot. Businesses and consumers alike are posturing defensively instead of betting on growth.
Deleveraging
Markets in general are in a deleveraging mode. This is being observed across equities, bonds, housing, company balance sheets, credit market, and crypto among others. The US Fed is determined to tame inflation lower through higher rates for longer. This is likely to create an onset of recession starting with rising unemployment rate. As that sets in, we could see a decline in consumer demand which will subsequently affect commodity prices negatively.
Technical Signals
Copper prices rallied last week heading into a resistance band has not been breached since June. After a positive CPI print, prices moved above this band on positive sentiment. The RSI points to overbought as it hit 69.19 while BBW hit a 3-month high indicating a potential reversal in the uptrend. The 200-day moving average is currently at 3.9905 which could offer a resistance level in the current larger downtrend. Although the March contract saw elevated volume on the move last week, the current contract volume was consistent with normal trading activity.
Current implied volatility for March expiry ATM Copper options is 32.71% or 2.06% daily, it has been at this level for the past month. Realized 20-day volatility has been closer to 41.16% or 2.59% and stands elevated over the past 2 weeks from the low 20’s. This means that at current implied volatility levels daily, a 1-standard deviation move at the 200-day moving average could take us to 4.07.
$3.4465 is the Point of Control for the Visible Range Volume Profile since April and could offer a potential level for taking profit. Another potential level could be 3.2945 from where price has bounced over the past 3 months.
Trade Setup
Copper Futures on CME provide exposure to 25,000 pounds of copper. Copper futures expiring in March 2023 have a maintenance margin of $5,750.
Establishing a short position with an entry price of at $3.873 with a potential target at $3.4465 would result in $10,663 in profits or a return on capital of 185.4%. However, if the stop loss at $4.07 is triggered, it would lead to a loss of $4,925 or -85.65% of capital employed. Tier 2 target at 3.2945 would lead to a profit of $14,463 or 251.5% in return on capital.
Micro Copper Futures on CME, at 1/10th the size of standard copper futures, provide a more flexible, cost-effective way to express market views. Similarly, E-Mini Copper Futures on CME offer exposure to 1/2 of a standard futures contract.
CME Real-time Market Data help identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
DISCLAIMER
Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.
This material has been published for general education and circulation only. It does not offer or solicit to buy or sell and does not address specific investment or risk management objectives, financial situation or particular needs of any person.
Advice should be sought from a financial advisor regarding the suitability of any investment or risk management product before investing or adopting any investment or hedging strategies. Past performance is not indicative of the future performance.
All examples used in this workshop are hypothetical and are used for explanation purposes only. Contents in this material is not investment advice and/or may or may not be the results of actual market experience.
Mint Finance does not endorse or shall not be liable for the content of information provided by third parties. Use of and/or reliance on such information is entirely at the reader’s own risk.
These materials are not intended for distribution to, or for use by or to be acted on by any person or entity located in any jurisdiction where such distribution, use or action would be contrary to applicable laws or regulations or would subject Mint Finance to any registration or licensing requirement.
